Yandex.Money

On a day marked by some tragedy, the Russian search giant Yandex posted Q2 earnings today of $281 million (9.2 billion Russian roubles), up 35% on a year ago and just beating analyst estimates 9.1 billion roubles. Adjusted net income, meanwhile, was up 48% to $92 million. On the strength of its current business, the company also said it was raising its full-year guidance to revenue growth… Read More

Russian search engine Yandex has expanded its online payment system Yandex.Money – a local PayPal competitor – to other CIS countries, including Ukraine, Belarus, and Kazakhstan.
Launched in 2002, Yandex.Money enable users to transfer money between accounts and make payments via the Internet. It currently supports over 3,000 online retailers in Russia and internationally… Read More